Latest in Tag: TMG Highlight
Latest in Tag: TMG
Egypt based Talaat Moustafa Group (TMG) & AZADEA Group celebrate the opening of 11 new brands at Open Air Mall – Madinaty
Open Air Mall – The super-Regional open-air shopping & lifestyle destination strengthens its retail mix with the opening of globally recognized brands
2022 WSF Women’s World Team Squash Championships to kick start in December in Madinaty
Between 10-16 December, 17 teams will head to Cairo’s Madinaty Sports Club to compete in the premier international squash tournament in the women’s game
International Asian Tour debut in Madinaty Golf Club broadcasted exclusively via Ontime Sports
The lucrative $1.5million Asian Tour tournament marks the tour’s first-ever appearance in Egypt
TMG, Baraka Group sign agreement to launch 7 new locations at All Seasons Park in Madinaty
Upon opening, All Seasons Park will welcome well-known brands including the likes of Beverly Hills Polo Club, Inglot, Mellow, People and New Balance, while C&Co
TMG’s profits register EGP 1bn in 1H 2022
Revenues grew during the six-month period to reach EGP 7.09bn compared to EGP 5.49bn in the corresponding period.
TMG begins construction on Noor… Egypt’s first green smart city in eastern Cairo
Noor is a unique model for modern and futuristic housing with its advanced technologies that take into account the highest international standards in smart and sustainable city planning.
TMG sponsors field training for students of Metwally Al-Shaarawy schools
The training allowed students to practice various technical maintenance operations in the fields of air conditioning, carpentry, plumbing, electricity, and finishing works.
Liverpool Academy and TMG honour players for successful 2021/2022 sports season
Madinaty Sports Club has celebrated the end of the 2021/2022 sports season at the Liverpool Academy in Egypt.
TMG offers units with 25 years installments and immediate delivery in Al-Rehab and Madinaty
Talaat Moustafa Group (TMG) announced the launch of fully finished units and ready to move apartments for immediate delivery in Al-Rehab city and Madinaty, with 25 years installments, in cooperation with the New Urban Communities Authority. Talaat Mostafa Group allows the purchase of housing units through mortgage financing within the initiative of the Central …
Madinaty Half Marathon 2nd edition to launch on 13 May
Talaat Moustafa Group in cooperation with the Tri Factory Company, is preparing to launch the second edition of the Madinaty Half Marathon, following the great success of the competition in its first edition last year. The Half Marathon this year is distinguished by the introduction of the 3-km race, which is suitable for different age …
TMG reports 8% profit growth to EGP 1.78bn in 2021
The total revenues achieved by the group last year amounted to about EGP 15.35bn, compared to EGP 14.1bn in 2020, recording a 9% growth rate.
Hisham Talaat Moustafa ranks 27th among Forbes’ Top 50 Travel & Tourism Leaders
Moustafa is CEO and Managing Director of real estate development giant TMG
Talaat Moustafa Group is Egypt’s most powerful real estate company, 10th in MENA: Forbes
Talaat Moustafa Group (TMG) topped the Egyptian companies among the Forbes global list of the 50 most powerful real estate companies in the Middle East and North Africa 2021. Forbes magazine stated that Talaat Moustafa Group’s new project “Noor” includes about 120,000 housing units and a 5-star hotel, in addition to green spaces, facilities and …
TMG reports Egypt’s highest ever real estate sales of EGP 63.9bn until H1 of 2021
Company’s contractual sales record EGP 21bn in H1 of 2021, up from EGP 4.4bn in H1 of 2020
TMG’s Noor city boasts strongest advertising campaign in Egypt
Noor city campaign succeeded in expanding the Hisham Talaat Moustafa Group’s market share of sales by 30-40% of the market
Sales at TMG’s Noor City amount to EGP 15bn in 3 weeks: Talaat Moustafa
The reported sales period covered the time period from 8 June until the end of the month.
Egypt’s Housing Minister, TMG chief lay foundation for Noor City in Capital Gardens
Noor is Egypt’s first green smart city on 5,000 feddan, comprising of 140,000 units, with EGP 0.5trn investments
TMG pays EGP 44bn for Capital Gardens City’s land value in 2021: CI Capital
CI Capital expects project’s housing unit sales would record about EGP 826bn
Madinaty firefighters rescue cat that fell from balcony
A video of one of the firefighters of Madinaty fire department rescuing a cat who fell on the balcony of a building went viral on social media. Madinaty, which is located in east-Cairo is affiliated with the Hisham Talaat Mostafa, the CEO of Talaat Moustafa Group. Several social media users on the groups and pages …
NUCA sells 5k-feddan land plot in Capital Gardens City to TMG subsidiary
Project will see EGP 500bn of investments and create 3.5m jobs, says Hisham Talaat Moustafa
Health Ministry, Tahya Misr Fund, TMG sign protocol providing 4 million doses of COVID-19 vaccines
Egypt’s Minister of Health and Population Hala Zayed signed a cooperation protocol, on Tuesday, with the Tahya Misr Fund and Talaat Moustafa Group (TMG) to provide vaccines for the novel coronavirus (COVID-19) to two million citizens. Zayed said that TMG has donated to ensure that the coronavirus vaccine will be given to two million low-income …
Developing 1m residential units can increase Egypt’s GDP by EGP 2trn annually: Hisham Talaat Moustafa
Hisham Talaat Moustafa said that talks over launching a mortgage finance initiative for under-development units are very good, but outlook must be broader
Sheikh Zayed City names Hisham Talaat Moustafa’s TMG as urban development pioneer
The award has come in recognition of Al Rabwa project by TMG, which has contributed to raising the Sheikh Zaied’s development rates.
12.7% interest rate sees TMG’s Al-Rehab bonds deemed safe investment
The coupon return was due and collected by bondholders on 10 June 2020, while the bonds mature in August 2021.
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
TMG CEO and Managing Director for the Arab Company for Projects and Urban Development, Hisham Talaat Moustafa, praised the vital role played by Egypt’s banking sector in general, and the NBE and Banque Misr in particular, in supporting Egypt’s real estate sector.
TMG reports 69.4% y-o-y sales decline, but revenues remain solid despite pandemic
The figures bring sales for the first half (H1) of 2020 to EGP 4.5bn, representing a downturn of 61.9% y-o-y. On a sequential basis, the company’s sales performance seemed to hold its ground, portraying a slight 0.4% quarter-on-quarter (q-o-q) increase.
TMG announces capabilities to deal with COVID-19
Company reported EGP 243m in its hotel revenues during first two months of 2020
TMG donates EGP 62m as part Covid-19 response
Donation recipients include Tahya Misr Fund, Health Ministry, ‘A Decent Life’ initiative
TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes
FRA earlier approves first Sukuk offering worth EGP 2bn
TMG’s awaited Sukuk expected to help buoy market rebound
The issuance is reportedly to have a positive impact in three ways, given the current crisis facing Egypt’s economy due to the ongoing coronavirus (Covid-19) pandemic.